Sec Form 4 Filing - DONAHUE THOMAS R @ FEDERATED HERMES, INC. - 2020-09-24

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person DONAHUE THOMAS R 2. Issuer Name and Ticker or Trading Symbol FEDERATED HERMES, INC. [ FHI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) VP, CFO & Treasurer (Last) (First) (Middle) 1001 LIBERTY AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 09/24/2020 (Street) PITTSBURGH, PA15222-3779 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class B Common Stock 09/24/2020 G V 21,375 D $ 0 690,872 D ( 1 ) Class B Common Stock 09/25/2020 J 388 ( 2 ) D $ 0 696,188 ( 3 ) D Class B Common Stock 09/25/2020 J 1,181 ( 4 ) D $ 0 20,086 ( 4 ) I Held indirectly by The Thomas R. and Frances L. Donahue Grantor Dynasty Trust Class B Common Stock 09/25/2020 J 903 ( 5 ) D $ 0 72,306 ( 5 ) I Held indirectly by immediate family member Class B Common Stock 09/25/2020 J 469 ( 6 ) D $ 0 64,579 ( 6 ) I Held indirectly by immediate family member Class B Common Stock 154,296 ( 7 ) I Held indirectly by Comax Partners, L.P. (d/b/a The Beechwood Company, L.P.) Class B Common Stock 421,690 I Held indirectly by MaxFund Partners, L.P. Class B Common Stock 72 I Held indirectly by 401(k) Plan Class B Common Stock 7,795 I Held indirectly by spouse Class B Common Stock 27,544 I Held indirectly by The Fran L. Donahue Grantor Trust Class B Common Stock 37,544 I Held indirectly by The Thomas R. Donahue Grantor Trust Class B Common Stock 2,000 I Held indirectly by Maxfund, Inc.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DONAHUE THOMAS R 1001 LIBERTY AVENUE PITTSBURGH, PA15222-3779 X VP, CFO & Treasurer Signatures /s/ John D. Martini (Attorney-in-Fact) 09/28/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reporting person is not a controlling shareholder of AWOL, Inc. and does not have or share investment control over its portfolio securities. As such, the reporting person will no longer report an indirect interest in the shares of Federated Hermes, Inc. Class B Common Stock ("FHI") held by AWOL, Inc. ( 2 )On or around September 25, 2020, the reporting person contributed 388 shares of FHI to an entity in which the reporting person has a limited partnership interest (the "Contribution"). The reporting person did not receive any consideration for the Contribution and the Contribution did not involve any public sale of shares. ( 3 )On or around September 25, 2020, Comax Partners L.P. (d/b/a The Beechwood Company, L.P.) ("Comax") made two separate distributions of shares of FHI to all of its limited partners on a pro-rata basis (the "Distributions"). The Distributions did not involve any public sale of shares. As a result of the Distributions, the number of shares of FHI directly owned by the reporting person increased by a total of 5,704 shares (388 and 5,316 respectively). ( 4 )As a result of the Distributions described in Footnote 2, the number of shares of FHI owned by The Thomas R. and Frances L. Donahue Grantor Dynasty Trust (the "TR/FLD GD Trust"), in which the reporting person has an indirect interest, increased by a total of 17,362 shares (1,181 and 16,181 respectively). On or around September 25, 2020, the TR/FLD GD Trust contributed 1,181 shares of FHI to an entity in which the TR/FLD GD Trust has a limited partnership interest. The TR/FLD GD Trust did not receive any consideration for the contribution and the contribution did not involve any public sale of shares. The reporting person disclaims beneficial ownership of the shares of FHI held by the TR/FLD GD Trust except to the extent of his pecuniary interest therein. ( 5 )As a result of the Distributions described in Footnote 2, the number of shares of FHI owned by an immediate family member, in which the reporting person has an indirect interest, increased by a total of 13,272 shares (903 and 12,369 respectively). On or around September 25, 2020, the immediate family member contributed 903 shares of FHI to an entity in which the immediate family member has a limited partnership interest. The immediate family member did not receive any consideration for the contribution and the contribution did not involve any public sale of shares. The reporting person disclaims beneficial ownership of the shares of FHI held by the immediate family member except to the extent of his pecuniary interest therein. ( 6 )As a result of the Distributions described in Footnote 2, the number of shares of FHI owned by another immediate family member, in which the reporting person has an indirect interest, increased by a total of 6,901 shares (469 and 6,432 respectively). On or around September 25, 2020, the immediate family member contributed 469 shares of FHI to an entity in which the immediate family member has a limited partnership interest. The immediate family member did not receive any consideration for the contribution and the contribution did not involve any public sale of shares. The reporting person disclaims beneficial ownership of the shares of FHI held by the immediate family member except to the extent of his pecuniary interest therein. ( 7 )As a result of the Distributions described in Footnote 2, the number of shares of FHI in which the reporting person has an indirect interest due to his interest in Comax decreased by 123,805 shares. The reporting person disclaims beneficial ownership of the shares of FHI held by Comax except to the extent of his pecuniary interest therein.

Remarks: The Power of Attorney dated April 24, 2014 is incorporated herein by reference.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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